WisdomTree Reports Monthly Metrics for November 2024

Rhea-AI Summary

WisdomTree (NYSE: WT), a global financial innovator, released its monthly metrics for November 2024, reporting record assets under management (AUM) of over $113 billion.

The company's AUM increased from $111.5 billion at the beginning of the period to $113.1 billion by November 30, 2024. This growth was driven by inflows in U.S. equity products, international developed market equities, fixed income, and cryptocurrencies, despite profit-taking in oil and silver and outflows in emerging market equities.

Key metrics include:

• U.S. Equity: $346M net inflows (12.2% MTD).
• International Developed Market Equity: $285M net inflows (20.0% MTD).
• Emerging Market Equity: $371M net outflows (-38.8% MTD).
• Fixed Income: $206M net inflows (12.3% MTD).
• Cryptocurrency: $136M net inflows (143.1% MTD).
• Commodity & Currency: $695M net outflows (-35.4% MTD).

The total net flows for the month were negative at $118M, with market movements contributing an additional $1.7 billion.

Positive

• Record AUM of over $113 billion.
• Net inflows in U.S. equity products ($346M), international developed market equities ($285M), fixed income ($206M), and cryptocurrencies ($136M).
• Market movements contributed an additional $1.7 billion.

Negative

• Net outflows in emerging market equities ($371M), commodities & currency ($695M), and leveraged & inverse products ($18M).
• Total net flows for November were negative at $118M.

Insights

Financial Analyst

WisdomTree's November metrics reveal notable trends in asset flows and AUM dynamics. The firm achieved a record $113 billion AUM, despite experiencing net outflows of $118 million. Strong inflows in U.S. equity ($346 million) and international developed markets ($285 million) were offset by significant outflows in commodities and emerging markets.

The cryptocurrency segment shows remarkable growth with a 143.1% annualized flow rate, while traditional segments like fixed income maintained modest positive flows. The blended fee rate remains stable at 36%, suggesting resilient revenue generation despite mixed flow patterns. Market appreciation of $1.685 billion was the primary driver of AUM growth, compensating for the slight net outflows.

Market Research Analyst

The November metrics highlight shifting investor preferences and market dynamics. The substantial outflows from commodities ($695 million) suggest profit-taking behavior, particularly in oil and silver positions. Meanwhile, the strong appetite for cryptocurrency products, with $136 million in inflows, reflects growing institutional acceptance of digital assets.

Emerging market outflows of $371 million indicate investor caution toward developing economies, while the robust flows into developed markets suggest a flight to quality. The overall -1.3% MTD flow rate is relatively minor compared to the total AUM, indicating stable business fundamentals despite some reallocation activity.

Record Assets Under Management

NEW YORK--(BUSINESS WIRE)-- WisdomTree, Inc. (NYSE: WT), a global financial innovator, today released monthly metrics for November 2024, including assets under management (AUM) and flow data by asset class.

Monthly Commentary:

• WisdomTree achieved record AUM of over $113 billion
• Inflows in U.S. equity products, international developed market equities, fixed income and cryptocurrencies, coupled with profit taking in oil and silver and outflows in emerging market equities

As of November 30, 2024		AUM Rollforward ($ in millions)					Annualized Flow Rate
		MTD		QTD		YTD	MTD		QTD		YTD
Beginning of Period Total AUM		$111,515		$112,577		$100,124
Total Net Flows
U.S. Equity		$346		$557		$1,642	12.2%		9.6%		6.2%
International Dev. Mkt Equity		$285		$74		$1,534	20.0%		2.4%		11.1%
Emerging Market Equity		($371)		($543)		($289)	(38.8%)		(26.2%)		(2.9%)
Fixed Income		$206		($11)		($685)	12.3%		(0.3%)		(3.5%)
Commodity & Currency		($695)		($275)		($2,974)	(35.4%)		(7.2%)		(15.2%)
Alternatives		($7)		$20		$92	(16.3%)		25.6%		26.8%
Cryptocurrency		$136		$136		$569	143.1%		77.2%		150.5%
Leveraged & Inverse		($18)		($25)		($23)	(10.7%)		(7.1%)		(1.4%)
Total Net Flows		($118)		($67)		($133)	(1.3%)		(0.4%)		(0.1%)
Market Move		$1,685		$572		$13,091
Current Total AUM		$113,082		$113,082		$113,082
Average Total AUM		$112,322		$112,422		$108,016
Blended Total Average Fee Rate				36 bps		36 bps

Source: https://ir.wisdomtree.com/

Please visit https://ir.wisdomtree.com/ for downloadable spreadsheets containing detailed AUM and flow data by asset class and fund broken out by daily, monthly, quarterly and annual timeframes.

About WisdomTree

WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, solutions and products leveraging blockchain technology. We empower investors and consumers to shape their future and support financial professionals to better serve their clients and grow their businesses. WisdomTree is leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user experience. Building on our heritage of innovation, we are also developing and have launched next-generation digital products, services and structures, including digital or blockchain-enabled mutual funds and tokenized assets, as well as our blockchain-native digital wallet, WisdomTree Prime^®, and institutional platform, WisdomTree Connect™.*

*The WisdomTree Prime digital wallet and digital asset services and WisdomTree Connect institutional platform are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, in select U.S. jurisdictions and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app or https://www.wisdomtreeconnect.com for more information.

WisdomTree currently has approximately $113.4 billion in assets under management globally.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree^® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through the WisdomTree Prime app and WisdomTree Connect are not endorsed, indemnified or guaranteed by any regulatory agency.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our ability to achieve our financial and business plans, goals and objectives and drive stockholder value, including with respect to our ability to successfully implement our strategy relating to WisdomTree Prime^® and WisdomTree Connect™, our ability to continue to make achievements in AUM, levels of net flows and other risk factors discussed from time to time in WisdomTree’s filings with the Securities and Exchange Commission (“SEC”), including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on February 23, 2024, and in subsequent reports filed with or furnished to the SEC. These forward-looking statements are based on WisdomTree’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside WisdomTree’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements included in this release speak only as of the date of this release. WisdomTree does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release except as may be required by the federal securities laws.

Category: Business Update

View source version on businesswire.com: https://www.businesswire.com/news/home/20241210327623/en/

Media Relations

WisdomTree, Inc.

Natasha Ramsammy

+1.917.267.3798

nramsammy@wisdomtree.com / wisdomtree@fullyvested.com

Investor Relations

WisdomTree, Inc.

Jeremy Campbell

+1.917.267.3859

Jeremy.Campbell@wisdomtree.com

Source: WisdomTree, Inc.

FAQ

What was WisdomTree's AUM in November 2024?

WisdomTree's AUM in November 2024 was over $113 billion.

Which asset classes saw net inflows for WisdomTree in November 2024?

WisdomTree saw net inflows in U.S. equity products, international developed market equities, fixed income, and cryptocurrencies in November 2024.

What were the net outflows for WisdomTree in November 2024?

WisdomTree experienced net outflows in emerging market equities, commodities & currency, and leveraged & inverse products in November 2024.

How did market movements impact WisdomTree's AUM in November 2024?

Market movements contributed an additional $1.7 billion to WisdomTree's AUM in November 2024.

What was the total net flow for WisdomTree in November 2024?

The total net flow for WisdomTree in November 2024 was negative at $118 million.